On May 17, the National Bureau of Statistics released the main data of the national economy in April. The production supply has increased steadily, the market demand has continued to expand, the employment price has generally improved, and the enterprise development is expected to be better... From a number of indicators, China's economic operation is generally stable, and the trend of recovery has continued.

The reporter observed that recently, the Organization for Economic Cooperation and Development, Morgan Stanley, Goldman Sachs, UBS and other international financial institutions have released reports to raise their annual forecasts for China's economic growth.

The economic operation in April showed many positive factors, which injected confidence into the future of China's economy.

"With the gradual emergence of the effects of macro portfolio policies, the continuous repair of endogenous momentum, and the continuous improvement of social expectations, the factors that promote the sustained economic recovery to be better are accumulating and increasing, and the economic recovery to be better will be further consolidated and strengthened." Liu Aihua, spokesman of the National Bureau of Statistics, said at the press conference held by the National Office of Statistics on the 17th.

Specifically, there are three supporting factors for the sustained improvement of the economy in the next stage:

——Accelerate the shaping of new driving forces and new advantages

At present, China is in a critical period of transformation and upgrading. The innovation driven development strategy has been deeply implemented, the construction of a modern industrial system has been accelerated, and the digital economy and green low-carbon development have spawned more new growth points. New driving forces are rapidly forming and growing, which has effectively strengthened the stamina and resilience of economic development.

From January to April, the equipment manufacturing industry above designated size accounted for 32.4% of all industries above designated size, and the added value of high-tech manufacturing industry accounted for 15.4%, which has continued to increase since this year; The production of new energy vehicles and solar cells increased by 33.2% and 18.2% year on year respectively; The online retail sales of physical goods increased by 11.1%, accounting for 23.9% of the total retail sales of consumer goods.

As these new industries, new products and new models continue to grow, the leading role of innovation will continue to be highlighted, and the space for economic development will be further expanded.

——Domestic demand is expected to continue to improve

From the perspective of investment, since this year, all regions and departments have accelerated the construction of projects, increased investment in innovation and development, and the overall investment has maintained stable growth.

From January to April, the investment in technological transformation of manufacturing industry increased by 8.5% year on year, and the investment in high-tech industry increased by 11.1% year on year, both faster than the growth rate of all investment. The investment in purchasing equipment, tools and instruments reflecting the update of equipment also maintained a double-digit growth. With the gradual implementation of detailed measures for large-scale equipment upgrading, investment in key areas will continue to increase, which will accelerate the formation of more physical workload, which is conducive to the steady expansion of investment.

From the perspective of consumption, the demand for cultural tourism consumption continues to be active, and the consumption potential of county cultural tourism and holiday economy is steadily released.

According to the monitoring of relevant departments, the number of domestic tourists during the May Day holiday just passed increased by 28.2% on a comparable basis compared with the same period in 2019, and the total travel expenses increased by 13.5%. With the improvement of the employment situation, the implementation of consumption policies will be promoted, and the consumption scene will be innovated and expanded. The consumption market will continue to expand and improve its quality.

——Policy effectiveness is expected to be further developed

Since the beginning of this year, macro policies have been driven forward, and efforts to stabilize growth, increase stamina, and prevent risks have been accelerated. All regions and departments have thoroughly implemented the decisions and arrangements of the Party Central Committee and the State Council, and have successively issued implementation rules and supporting policies, creating good conditions for economic development.

Recently, the issuance arrangement of trillions of ultra long term special treasury bonds was introduced to support the implementation of major national strategies and the construction of security capacity in key areas, which will effectively help the development of the real economy and boost market confidence.

With the gradual implementation of policy, capital and other elements of support, investment and construction in major strategic areas of the country are accelerating, which will help to promote the sustained recovery of the economy.